Provident Financial Holdings, Inc. (NASDAQ:PROV - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.18 and traded as high as $16.65. Provident Financial shares last traded at $16.41, with a volume of 4,193 shares traded.
Analysts Set New Price Targets
PROV has been the topic of a number of analyst reports. Piper Sandler upped their price target on Provident Financial from $15.00 to $16.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. StockNews.com initiated coverage on Provident Financial in a report on Friday. They issued a "hold" rating on the stock.
Check Out Our Latest Stock Analysis on Provident Financial
Provident Financial Price Performance
The firm has a market cap of $111.18 million, a P/E ratio of 15.08 and a beta of 0.38. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.93. The business's 50 day moving average is $15.74 and its two-hundred day moving average is $14.18.
Provident Financial (NASDAQ:PROV - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. Provident Financial had a return on equity of 5.78% and a net margin of 12.58%. The firm had revenue of $14.97 million during the quarter, compared to analyst estimates of $9.74 million. During the same period last year, the company posted $0.25 EPS. As a group, analysts anticipate that Provident Financial Holdings, Inc. will post 1.05 earnings per share for the current year.
Provident Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Thursday, November 14th. Provident Financial's payout ratio is 51.38%.
Institutional Trading of Provident Financial
A hedge fund recently raised its stake in Provident Financial stock. Empowered Funds LLC boosted its position in Provident Financial Holdings, Inc. (NASDAQ:PROV - Free Report) by 4.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,657 shares of the financial services provider's stock after buying an additional 1,206 shares during the period. Empowered Funds LLC owned approximately 0.38% of Provident Financial worth $368,000 at the end of the most recent quarter. Institutional investors own 71.34% of the company's stock.
About Provident Financial
(
Get Free Report)
Provident Financial Holdings, Inc operates as the holding company for Provident Savings Bank, F.S.B. that provides community banking services to consumers and small to mid-sized businesses in the Inland Empire region of Southern California. The company's deposit products include checking, savings, and money market accounts, as well as time deposits; and loan portfolio consists of single-family, multi-family, commercial real estate, construction, mortgage, commercial business, and consumer loans.
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